@Terry53029 wrote: He could very well have a loss, depending on all the facts. See link. https://www.law.cornell.edu/cfr/text/26/1.165-3
He could very well have a loss, depending on all the facts. See link.
https://www.law.cornell.edu/cfr/text/26/1.165-3
Thank you for that correction. I forgot about that one.
